DeGiro long and strong
Atualizado
What can you say about that chart, it's a beauty, why didn't I invest last year when they got taken over by Flatex ... because I'm an idiot! This is my own broker here, let's have some numbers and see what's going on with them and why they are rising so steadily.
Flatex got cleared to by DeGiro last Summer, DeGiro were already well on the way to becoming Europe's biggest broker but Flatex and a pandemic may have accelerated that. Basically the figures are very very impressive, if this was an American company it would already have jumped 100% but because it is a Euopean/German company and we are all more reserved about things over here it will be a steady riser over the next few years. I got to the party quite late but I am very confident that I will make money for years to come on this.
From Sept 2019 to Sept 2020
+45% - no of customers
+100% - no of trades
+67% - amount of revenue
What's not to like about that? No of customers is well on the the way to 2 million now and I believe DeGiro is the largest European broker at the moment or it will be by the end of the year. There is no reason to beleive that the growth will not continue, if they could partner with TradingView then I believe this would accelerate them even faster.
FROM BLOOMBERG
Corporate News / Frankfurt/Main, 02. February 2021
flatexDEGIRO's accelerated growth results in a record month and a
significantly raised guidance
- Record start in January 2021 with more than 130,000 new customers and 11.4m
transactions
- Commercial guidance for 2021 significantly raised
- FY2021e: 550k to 750k new customers (previous guidance: over 350k)
- FY2021e: Total number of customers to grow to 1.8m - 2.0m (previous
guidance: over 1.6m)
- FY2021e: Settled transactions to increase to 75m - 90m (previous guidance:
65m - 75m)
- Expected accelerated growth will have a significant positive impact on
revenues, earnings and free cash flow in 2021 and subsequent years
Frankfurt/Main - flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker:
FTK.GR), Europe's largest retail online broker, continues its trailblazing
growth path. Driven by an ongoing and accelerating growth momentum in its core
markets, flatexDEGIRO today significantly raised its full-year 2021 guidance
and expects to extend its position as the fastest growing online brokerage
business in Europe.
In January 2021, the leading European online broker executed 11.4 million
transactions, an increase of almost 200% year-on-year (January 2020: approx. 4
million transactions, pro forma). Over the last trailing twelve months,
flatexDEGIRO has thus executed over 82 million transactions (pro forma). Even
stronger was the growth in new customers, almost quadrupling to over 130,000
in January 2021 (January 2020: 35,000). The Group's total customer base has
thereby grown to almost 1.4 million.
"We continue to see strong growth and market share gains in our core markets.
In Germany, the successful launch of flatex-next provides additional momentum.
We have achieved record numbers in January, market volatility remains at a
sustainably high level and underlying secular trends in digitalization and
investing all over Europe continue to support our strategy. Based on these
factors we now expect to grow our business in 2021 to 1.8 million to 2.0
million customers, for which we will settle between 75 million and 90 million
transactions by the end of the year", says Frank Niehage, CEO of flatexDEGIRO.
After the tremendous success during the first month and the accelerating brand
awareness, flatexDEGIRO has basically doubled its expectations for new
customer growth in 2021 from at least 350,000 to a range of 550,000 to
750,000. The targeted total of 1.8 million to 2.0 million customers represents
a 40-60 percent increase compared to year-end 2020.
"Over the past years, we have invested a significant double-digit million Euro
amount in the performance, security and stability of our IT systems. In recent
weeks, our reliable technology platforms and our well-capitalized group have
once again proven to be a key differentiating factor in volatile markets. We
have offered our customers real added value that they have appreciated during
turbulent times", says Muhamad Chahrour, CFO of flatexDEGIRO. "The envisaged
business growth and our outstanding operating leverage paired with superior
technology and liquidity will enable us to further increase our financial and
commercial power and to extend our unique market-leading positioning in Europe
in the coming years."
With more than 1.25 million customers and 75 million securities transactions
in 2020, flatexDEGIRO is the largest retail online broker in Europe. In a time
of bank consolidation, low interest rates and digitalization, the flatexDEGIRO
Group is ideally positioned for further growth. Until 2025 at the latest,
flatexDEGIRO aims to win over 3 million customers and execute at least 100
million transactions per year - even in years with low volatility.
My target is long on this one, I expect an initial target of 100 euro to be met and over the next two years I expect another 100% on top of that
Not trading advice, just pattern recognition
Flatex got cleared to by DeGiro last Summer, DeGiro were already well on the way to becoming Europe's biggest broker but Flatex and a pandemic may have accelerated that. Basically the figures are very very impressive, if this was an American company it would already have jumped 100% but because it is a Euopean/German company and we are all more reserved about things over here it will be a steady riser over the next few years. I got to the party quite late but I am very confident that I will make money for years to come on this.
From Sept 2019 to Sept 2020
+45% - no of customers
+100% - no of trades
+67% - amount of revenue
What's not to like about that? No of customers is well on the the way to 2 million now and I believe DeGiro is the largest European broker at the moment or it will be by the end of the year. There is no reason to beleive that the growth will not continue, if they could partner with TradingView then I believe this would accelerate them even faster.
FROM BLOOMBERG
Corporate News / Frankfurt/Main, 02. February 2021
flatexDEGIRO's accelerated growth results in a record month and a
significantly raised guidance
- Record start in January 2021 with more than 130,000 new customers and 11.4m
transactions
- Commercial guidance for 2021 significantly raised
- FY2021e: 550k to 750k new customers (previous guidance: over 350k)
- FY2021e: Total number of customers to grow to 1.8m - 2.0m (previous
guidance: over 1.6m)
- FY2021e: Settled transactions to increase to 75m - 90m (previous guidance:
65m - 75m)
- Expected accelerated growth will have a significant positive impact on
revenues, earnings and free cash flow in 2021 and subsequent years
Frankfurt/Main - flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker:
FTK.GR), Europe's largest retail online broker, continues its trailblazing
growth path. Driven by an ongoing and accelerating growth momentum in its core
markets, flatexDEGIRO today significantly raised its full-year 2021 guidance
and expects to extend its position as the fastest growing online brokerage
business in Europe.
In January 2021, the leading European online broker executed 11.4 million
transactions, an increase of almost 200% year-on-year (January 2020: approx. 4
million transactions, pro forma). Over the last trailing twelve months,
flatexDEGIRO has thus executed over 82 million transactions (pro forma). Even
stronger was the growth in new customers, almost quadrupling to over 130,000
in January 2021 (January 2020: 35,000). The Group's total customer base has
thereby grown to almost 1.4 million.
"We continue to see strong growth and market share gains in our core markets.
In Germany, the successful launch of flatex-next provides additional momentum.
We have achieved record numbers in January, market volatility remains at a
sustainably high level and underlying secular trends in digitalization and
investing all over Europe continue to support our strategy. Based on these
factors we now expect to grow our business in 2021 to 1.8 million to 2.0
million customers, for which we will settle between 75 million and 90 million
transactions by the end of the year", says Frank Niehage, CEO of flatexDEGIRO.
After the tremendous success during the first month and the accelerating brand
awareness, flatexDEGIRO has basically doubled its expectations for new
customer growth in 2021 from at least 350,000 to a range of 550,000 to
750,000. The targeted total of 1.8 million to 2.0 million customers represents
a 40-60 percent increase compared to year-end 2020.
"Over the past years, we have invested a significant double-digit million Euro
amount in the performance, security and stability of our IT systems. In recent
weeks, our reliable technology platforms and our well-capitalized group have
once again proven to be a key differentiating factor in volatile markets. We
have offered our customers real added value that they have appreciated during
turbulent times", says Muhamad Chahrour, CFO of flatexDEGIRO. "The envisaged
business growth and our outstanding operating leverage paired with superior
technology and liquidity will enable us to further increase our financial and
commercial power and to extend our unique market-leading positioning in Europe
in the coming years."
With more than 1.25 million customers and 75 million securities transactions
in 2020, flatexDEGIRO is the largest retail online broker in Europe. In a time
of bank consolidation, low interest rates and digitalization, the flatexDEGIRO
Group is ideally positioned for further growth. Until 2025 at the latest,
flatexDEGIRO aims to win over 3 million customers and execute at least 100
million transactions per year - even in years with low volatility.
My target is long on this one, I expect an initial target of 100 euro to be met and over the next two years I expect another 100% on top of that
Not trading advice, just pattern recognition
Trade fechado: objetivo atingido
Another target reached, good long term share this one.
Aviso legal
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